One of Gloucestershire’s best-known Italian restaurants is trying to avoid having to serve up a disappointment to its loyal customers.

It looks as if the popular chain is among many to be feeling the pinch. Bryon burger chain and Jamie’s Italien were forced to reach agreements with creditors earlier this year.

In the case of Jamie’s Italian the restructuring of the business saw the closure of its Cheltenham restaurant and reports have suggested Prezzo could be forced to close or sell up to 50 of its restaurants.

The business has restaurants at 99 Promenade and Unit 1, The Brewery, in Cheltenham, 103 105 Church Street, Tewkesbury, and 46 Southgate St, Gloucester.

Prezzo also owns Chimichanga Tex-Mex restaurant chain which has a venue at Unit R5 Gloucester Quays.

Private equity firm TPG bought 300-restaurant Prezzo in 2015 for £304million from owners the Kaye family, who founded the company in 2000, and stock market investors.

According to The Sunday Times TPG then embarked on a 50-store UK-wide expansion in what it called a “wave of debt-fuelled roll-outs into high streets and shopping centres”.